Exelon vs Southern
Southern is the larger business, with $29.55bn of revenue in fiscal 2025 against $24.26bn for Exelon (1.2 times as much). Southern grew faster (10.6% against 5.3%). Southern kept more of each dollar of sales as profit: a net margin of 14.7% against 11.4%. Exelon carries less debt relative to equity (173.8% against 201.6%).
| Latest fiscal year | ExelonEXC, 2025 | SouthernSO, 2025 |
|---|---|---|
| Revenue | $24.26bn | $29.55bn |
| Revenue growth | 5.3% | 10.6% |
| Net income | $2.77bn | $4.34bn |
| Operating margin | 21.2% | 24.7% |
| Net margin | 11.4% | 14.7% |
| Return on equity | 9.9% | 12.5% |
| Free cash flow | −$2.27bn | −$2.94bn |
| Cash | $626m | $1.64bn |
| Total debt | $50.04bn | $72.59bn |
| Debt to equity | 173.8% | 201.6% |
| Dividend per share | $1.60 | $2.94 |
| Dividend yield | 3.5% | 2.9% |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $47.22bn | $106.90bn |
| Price vs our value range | — | — |
| Moat score | 39 (Weak) | 36 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 13 sales |